January 26, 2018 / 6:04 AM / 10 months ago

Abe says BOJ buying ETFs for monetary policy, not to influence stocks

Japan's Prime Minister Shinzo Abe gestures as he makes a speech at an opening of a new session of parliament in Tokyo, Japan January 22, 2018. REUTERS/Kim Kyung-Hoon

TOKYO (Reuters) - Prime Minister Shinzo Abe said on Friday that the Bank of Japan was buying exchange-traded funds for monetary policy and not to influence the level of the stock market.

Abe was speaking in the upper house of parliament in response to questions from an opposition lawmaker.

Reporting by Stanley White; Editing by Chris Gallagher

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